Shoprite Announces Secondary Listing On A2X

Shoprite Announces Secondary Listing On A2X. Africa’s largest retailer Shoprite is pleased to announce that its ordinary shares will be traded on A2X with effect from Tuesday 11 April 2023.

Shoprite will retain its listing on the Johannesburg Stock Exchange (JSE), the Namibian Stock Exchange (NSX) and Lusaka Securities Exchange (LUSE) and its issued share capital will be unaffected by the secondary listing on A2X. In addition to Shoprite’s ordinary shares being traded on the JSE, NSX and LUSE, Shoprite’s ordinary shares will commence trading on the A2X from the A2X listing date.

“We are delighted to be welcoming Africa’s largest retailer to our platform next week. As demonstrated by its most recent financial results, Shoprite is in an exceptional company that has delivered ongoing growth even in a difficult operating environment. Shoprite joins a growing list of companies that are recognising the value of a secondary listing on A2X and the resultant benefits for investors,” said CEO of A2X, Kevin Brady.

A2X is a licensed stock exchange authorised to provide a secondary trading venue for companies and is regulated by the Financial Sector Conduct Authority and Prudential Authority, South African Reserve Bank in South Africa in terms of the Financial Markets Act 19 of 2012.

By Thomas Chiothamisi